Friday, August 03, 2012
July carloads—at 1,103,733—were down 7,787 carloads or 0.7 percent annually, and intermodal—at 946,071 trailers and containers—was up 50,431 units or 5.6 percent compared to July 2011.
Posted on 08/03 at 08:59 AM
This week, CEVA reported second quarter revenue of $1.81 billion Euro or $2.2 billion U.S. which was up 5.5 percent annually. LM Group News Editor Jeff Berman spoke with CEVA CEO John Pattullo about the company’s second quarter and first half performance and other industry-related items
Posted on 08/03 at 07:40 AM
Global Logistics •
Thursday, August 02, 2012
UPS this week has rolled out what it calls a “wearable” scanning system that augments and speeds up how packages are loaded onto vehicles by its employees as well as the delivery of visibility information to customers.
Posted on 08/02 at 10:32 AM
A U.S. District Court this week elected to dismiss a lawsuit by less-than-truckload (LTL) carrier ABF Freight System Inc. against the International Brotherhood of Teamsters, YRC Inc. and other related entities.
Posted on 08/02 at 09:44 AM
ABF Freight •
While the full impact of India’s massive power outage has yet to be measured in the global supply chain, analysts say it won’t be long before significant disruption is felt.
Wednesday, August 01, 2012
Net income of $41.8 million—or $0.74 per share—was up 30 percent annually. And operating income—at $80.1 million—saw a 33.2 percent annual improvement, with revenue—at $1.45 billion—seeing a 7.2 percent improvement.
Posted on 08/01 at 02:04 PM
Con-way Freight •
On the heels of June, which registered its lowest monthly reading in three years, July’s Manufacturing report on Business from the Institute for Supply Management (ISM) was fairly flat in comparison.
Trucking interests are back in court challenging the government’s latest attempt to reduce the hours a truck driver can legally work—and they are getting some help from some of the largest shippers in the nation.
Not surprisingly, the United States Postal Service announced this week it is unable to make $5.5 billion in mandated prefunding health retiree benefits to the Treasury, which is due today, as well as a $5.6 billion payment due on September 30.
In its ongoing quest to help U.S. multinationals remain competitive in the global marketplace, the University of Tennessee’s Global Supply Chain Institute recently convened its private sector “advisory board” in Chicago for a one-day forum